Planet Based Foods Global (XCNQ:PBF) Debt-to-EBITDA : -0.15 (As of Sep. 2023)

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What is Planet Based Foods Global Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Planet Based Foods Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.01 Mil. Planet Based Foods Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.40 Mil. Planet Based Foods Global's annualized EBITDA for the quarter that ended in Sep. 2023 was C$-2.76 Mil. Planet Based Foods Global's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.15.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Planet Based Foods Global's Debt-to-EBITDA or its related term are showing as below:

XCNQ:PBF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.11 Med: -0.11 Max: -0.08
Current: -0.08

During the past 2 years, the highest Debt-to-EBITDA Ratio of Planet Based Foods Global was -0.08. The lowest was -0.11. And the median was -0.11.

XCNQ:PBF's Debt-to-EBITDA is ranked worse than
100% of 659 companies
in the Drug Manufacturers industry
Industry Median: 1.71 vs XCNQ:PBF: -0.08

Planet Based Foods Global Debt-to-EBITDA Historical Data

The historical data trend for Planet Based Foods Global's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Planet Based Foods Global Debt-to-EBITDA Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Debt-to-EBITDA

-0.11

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-	-	-	-0.15

Competitive Comparison of Planet Based Foods Global's Debt-to-EBITDA

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Planet Based Foods Global's Debt-to-EBITDA Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Planet Based Foods Global's Debt-to-EBITDA falls into.

Planet Based Foods Global Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Planet Based Foods Global's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-6.536
	=	0.00

Planet Based Foods Global's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.014	+	0.403)	/	-2.756
	=	-0.15

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2023) EBITDA data.

Planet Based Foods Global (XCNQ:PBF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Planet Based Foods Global Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Planet Based Foods Global's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.